Mike's Minute: Govt's wellbeing budget a looming disaster

https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/video/mi...

So as part of the Prime Minister's ongoing dream of living in a land of lollipops, landholding and general kumbaya, we have the mechanism used by the Treasury to put a monetary value on everything, despite the common-sense fact you can't put a monetary value on everything.

That's why they have sayings like "money can't buy experience", or that was "priceless". According to the Treasury, none of that's possible

This is, of course, for the so-called "wellbeing budget"

It is an idealist's fantasy, it's the workings of hand wringers who need to be consoled by the concept that as a result of any given action someone bursts into a smile, or song, or both

But to do that, given you are actually handing out money, and money is real, and the outcome might not be tangible,you need to make the intangible tangible

And that's what the spreadsheet does. It doesn't need to be a spreadsheet, it could have been a dartboard. What's a life worth? Double 20? What's making a friend worth? Triple 12? That's how stupid it is

They've valued a life at $4.7 million. Now the key to this is that you're dealing with about 4.7 million lives, that's roughly the population of the country. So you can immediately see if you get the number wrong to start with, it very quickly gets hopelessly and expensively out of control. Say a life was $4.6m, not $4.7m. That's $100,000 a person times 4.7m, and that's a lot of money.

And that's before, of course, you get to the simple reality that a life isn't worth $4.7m, it's worth whatever you want it to be

And even if we agreed this was a sensible way to measure anything, the $4.7m would merely be an average. I would value my life well beyond $4.7m, and averages aren't individual and because they're not individual, they don't directly affect you and I the way it should. It's like the mad debate around the gender pay gap, it's all done on averages. And averages don't reflect your individual set of circumstances, your reality, your wellbeing

If you value your life at $27m, then you're missing out. And that's before you get to the argument as to why the Government's estimate of your life is more valuable than yours, and who knows your life better than you?

Views: 37

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

Diana commented on Central Scrutinizer's video
20 minutes ago
Diana favorited Central Scrutinizer's video
20 minutes ago
Boris favorited Maas's photo
35 minutes ago
Boris favorited Raz Putin's blog post October 20, 2019 World Wide Demonstrations, Protests and Violent Confrontations it's been a busy month already...
36 minutes ago
Diana favorited Raz Putin's blog post "The Greatest Trick the Devil Ever Pulled Was Convincing the World He Didn’t Exist" and other bedtime stories...
50 minutes ago
Diana favorited Phyllis Maka's blog post Globalists using this weapon on California????
52 minutes ago
Diana favorited Phyllis Maka's blog post Canadian Muslim Scholar Explains Why Pedophilia is Ok in Islam////--Islam is Vatican created
53 minutes ago
Diana posted photos
55 minutes ago
Old Denmark favorited Maas's photo
1 hour ago
Old Denmark favorited James Roberts's photo
1 hour ago
James Roberts commented on James Roberts's video
Thumbnail

Michelle Obama Shames Women - Offers Them Nothing (2018)

"And, it's either the right and left find common ground, and take care of our imminent, mortal…"
2 hours ago
James Roberts commented on James Roberts's video
Thumbnail

Michelle Obama Shames Women - Offers Them Nothing (2018)

"Even Jordan Peterson says we need left and right. This insane war of attrition right and left fight…"
2 hours ago
James Roberts posted a video

Michelle Obama Shames Women - Offers Them Nothing

Michelle Obama gives a speech voter-shaming women and blames them for Trump. Here's How You Can Support Our Show & Independent Media! ▶ Check Us Out On Steem...
2 hours ago
James Roberts commented on James Roberts's photo
Thumbnail

Climate Control

"They call those braids "handlebars" for a reason, lol."
2 hours ago
cheeki kea posted a video

The Sound Of Silence - Disturbed cover by Jadyn Rylee feat. Sina

Please JOIN Jadyns Youtube Channel for exclusive content https://www.youtube.com/channel/UCnn1Ps-YvrMVgiJNJb6IWCg/join This phenomenal song was first perform...
2 hours ago
cheeki kea replied to Mrs. Tif Morgan's discussion Young Russian Girl plays Led Zeppelin on Her Electric Guitar
"https://www.youtube.com/watch?v=_r3asKw_ghw  All these young kids are so cool. Here's one…"
2 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted